Yahoo To Buy GeoCities

Yahoo is to purchase web community provider GeoCities in a stock swap valued at $3.6 billion, it was announced on January 28.

Yahoo has had a partnership with GeoCities since January 1998, when it made a $5 million stock investment in the company. The acquisition will give Yahoo members the option to establish free home pages, a portal service that competitors Infoseek and Lycos have already offered for several months. Yahoo also plans to offer its portal features such as Yahoo Clubs to GeoCities members.

Forget the parts about whether Yahoo needs a broadband partner. The interesting bits are toward the end, where Yahoo's CEO talks about how it considered an acquisition of Excite and how it doesn't feel it needs to be acquired itself.

The U.K. Supreme Court has granted permission in part for Google to appeal against a ruling relating to a dispute over the user information through cookies via use of the Apple Safari browser.
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